[UPDATED] Oracle 1Z0-1053-23 Certification Exam Questions
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NEW QUESTION # 33
Your customer wants to create a new XX BeWell Medical Plan for the upcoming plan year 2018. What two steps must you perform as an administrator to stop existing participant enrollments and prevent new enrollments?
- A. Edit the new plan with session effective date as January 1 of the upcoming plan year 2018, and the status as Active.
- B. Create the new plan with session effective date as January 1 of the current year 2017. and the status as Active,
- C. Edit the new plan with session effective date as January l of the upcoming plan year 7018, and the status as Pending.
- D. Edit the new plan with session effective date as January of the current plan year 2017, and the status as Active.
- E. Create the new plan with session effective date as January 1 of the current year 2017, and the status as Pending.
Answer: B
NEW QUESTION # 34
Your customer wants its employees to submit signed hard copies of confirmation while managing benefits online from Benefits Self Service. How do you accomplish this requirement?
- A. Select Display Signature in the Confirmation section while managing Benefits Self Service configuration.
- B. Select Display Signature in the Confirmation section while managing Enrollment Authorizations.
- C. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page for admins.
- D. Select the same admin category on the Edit Plan Type page while managing Benefits Self Service configuration.
- E. Confirm that the correct self-service category is selected on the Configure Plan Type Grouping Display page.
Answer: A
NEW QUESTION # 35
Year Period attachment
- A. Plan, Option
- B. Explicit, Temporal, Scheduled, Unrestricted
- C. Hours Worked, Full-time Equivalent, Compensation
- D. Can Be Defined In Spending Options
Answer: A
NEW QUESTION # 36
A company wants to display the following text on its Benefit Employee Self Service:
"Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase additional days through the." How do you configure this?
- A. Configure plan type grouping display -> self-service usage -> self-service description text
- B. Manage enrollment authorization -> administration usage -> self-service description text
- C. Manage enrollment authorization -> self-service usage -> self-service description text
- D. Configure plan type grouping display -> administration usage -> self-service description text
Answer: A
NEW QUESTION # 37
Your customer does NOT want the system to detect temporal events whenever a marriage life event is detected and processed by the application.
How do you accomplish this requirement?
- A. On the life event creation page, select "Never detect this temporal life event" as the Temporal Detection Rule.
- B. On the life event creation page, select "Do not detect past or future temporal events" as the Temporal Detection Rule.
- C. On the life event creation page, select "Never detect Past or future temporal events" as the Temporal Detection Rule.
- D. On the life event creation page, select "Do not detect past temporal events" as the Temporal Detection Rule.
- E. On the life event creation page, select "Do not detect future temporal events" as the Temporal Detection Rule.
Answer: E
NEW QUESTION # 38
You are a benefits consultant implementing for a company that offers a life Insurance plan for employees with only one option -Employee Plus Family. The rate for this option is dependent on various factor5 like age/smoking status/gender:
A female employee in the under 40 age group, who is a smoker, wants to purchase $100,000 of life insurance. The plan would be 2.1 (100,000 * 0.21/1000), considering 5100,000 is the coverage she opts for. The calculation is -> {Coverage* [{Rate applied as per gender/smoking status/ aqe)/1000l).
How can you configure a rate for the company's plan?
- A. Configure a fast formula calling this table. Configure a secondary standard rate with the calculation method as Formula. Then create another standard rate with type and the calculation method aS Multiple of Parent.
- B. Configure a secondary rate with the calculation method as Multiple of Coverage.
- C. Configure a primary rate with the calculation method as Multiple of Coverage.
- D. Configure an eligibility profile with age-derived factors. Attach it to the plan. Then create a standard fate with the calculation method as Multiple of Coverage.
Answer: D
NEW QUESTION # 39
What are the number of train stops available in the Benefits Enrollment self-service page for the plan/program enrollment?
- A. 0
- B. 1
- C. The number of train stops can be configured.
- D. 2
Answer: C
NEW QUESTION # 40
Number of train stops on Benefits Enrollment page
- A. Customizable
- B. Internally Developed
- C. Enterprise Systems
- D. Configurable
Answer: D
NEW QUESTION # 41
How many life events can be included in a collapsing rule?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: C
NEW QUESTION # 42
A company wants to display the following text on its Benefits Employee Self Service: "Your core annual holiday benefit comprises 20 days of holidays and 8 public holidays. You can purchase additional days through the." How do you configure this?
- A. Manage enrollment authorization > administration usage > self-service description text
- B. Manage enrollment authorization > self-service usage > self-service description text
- C. Configure plan type grouping display > self-service usage > self-service description text
- D. Configure plan type grouping display > administration usage > self-service description text
Answer: D
NEW QUESTION # 43
An organization has a requirement to restrict Beneficiary Distributions to a percentage with a maximum of 100%. However, the distribution should be in multiples of 10.
Which statement about this requirement is true?
- A. This requirement cannot be achieved with configurations, and would require custom Fast Formula.
- B. This requirement can be achieved through customization only.
- C. This requirement can be completely achieved with configuration only.
- D. This requirement cannot be achieved in the current system offerings.
Answer: A
NEW QUESTION # 44
January 31, 2017
- A. Coverage start date for employee
- B. Tasks to prepare for open enrollment
- C. Overspending in flex credit shell plans
- D. Valid type of life event
Answer: A
NEW QUESTION # 45
A benefits consultant implemented a plan for life insurance with the following options:
1. Option 1: Employee only
2. Option 2: Employee plus spouse
The company wants the plan to be rolled out to all the employees. Therefore, the benefits consultant enabled the Assign on Default button for Option 1.They forgot that some employees may not want to enroll into the plan even though they are eligible.
Where did the benefits consultant go wrong with the implementation?
- A. They should not have enabled the Assign on Default button for the options.
- B. They should have configured an eligibility fast formula
- C. They should have enabled a plan restriction fast formula.
- D. They should have created an Option 3: Coverage Declined.
Answer: C
NEW QUESTION # 46
A single Life Event can have multiple uses. Which two statements about the usage of Life events are TRUE?
- A. Life events affect benefits processing for a participant.
- B. Each occurrence of the life event causes participation evaluation processing to reconsider the person,s eligibility for the object.
- C. The amount of deduction from employee pay check for enrollment is varied based on a life event.
- D. Each occurrence of the life event causes participation evaluation processing to reconsider the plan,s availability for a program.
Answer: A,D
Explanation:
https://docs.oracle.com/cd/E25054_01/fusionapps.1111/e20376/F566540AN394C7.htm
NEW QUESTION # 47
XX Global Health Plan has multiple options attached.
* Option i: XX Annual Health Insurance
* Option 2: Monthly Health Insurance
The plan cycle starts every year from April 1 to March 31. An employee opted for this plan on July 1, 2015 and his employment service was terminated on Oct 25, 2015- Business wants to trigger a Termination life event on the 12th of the termination month for the employee, irrespective of the actual termination date, for payroll reasons.
Which is the correct configuration for the Life event - Termination?
- A. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Formula" as the enrollment period start date, attaching a customized Enrollment Opportunity type formula.
- B. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Number of Days from the event" as the enrollment period start date and the number field as 15.
- C. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan, with "As of event date" as the enrollment period start date.
- D. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Mid of the month" as the enrollment period start date.
- E. Configure Termination as a Life event under the Enrollment tab of XX Global Health Plan with "Formula" as the enrollment period start date, attaching a customized Enrollment period start date type formula.
Answer: E
NEW QUESTION # 48
Can you define overspending of a budget pool in flex credit shell plans?
- A. Yes, you can define it in the spending options.
- B. Yes, you can define it as per the flex credit formula.
- C. No, you do not have a place holder.
- D. Yes, you can define it in the standard rates.
Answer: D
NEW QUESTION # 49
Which statement is correct regarding Plan Grouping in the Self Service and Administrator page?
- A. All plans can be configured at the plan level.
- B. All plans in a plan type can be displayed on different train stops as groupings are done at the plan level.
- C. All plans in a plan type are displayed on the same train stop as groupings are done at the plan type level.
- D. All plans in 3 plan type can be displayed on different train stops as groupings are done at the program level.
Answer: B
NEW QUESTION # 50
XX Life insurance plan has two options: Option 1 enrolls a dependent of age 21 or above and Option 2 enrolls a dependent aged 18 or less.
How do you define a benefit configuration for these two options?
- A. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance Plan.
- B. Create one derived factor. Create an eligibility profile and configure the derived factor under the eligibility profile. Then attach the eligibility profile to XX Life Insurance plan at Option 1, and then attach the same eligibility profile at Option 2.
- C. Create two eligibility profiles. One with age as 21 or above and a second with age 18 or less. Then attach these eligibility profiles to XX Life Insurance Plan.
- D. Create two derived factors, one with age as 21 or above and a second with age 18 or less. Create an eligibility profile and configure these two derived factors under the eligibility profile. Then attach the eligibility profile to XX Life Insurance PlanB.
Answer: C
NEW QUESTION # 51
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